New cloud computing standards to be developed within the EU should facilitate users' ability to transfer data and services between cloud providers, MEPs have said.17 Dec 2013
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The European Parliament has backed a new resolution on cloud …

Legislation per se guarantees nothing, especially EU based legislation notorious for creating regulatory shopping* amongst the member states who each enforce separately.

Oh and legal privacy, in the EU? At least you have some chance of a judicial review in the US, take a look at the laws around the EU and assess the legal hurdles around data access for local authorities.

*once memorably described to me by a regulator as being as therapeutic as any retail shopping

Except that - by and large - the US legal system is entirely complicit in the destruction of the rights of natural persons, especially any semblance of privacy. The EU may be bureaucratic, but it has a far higher chance of standing up for the average guy than anything American.